CHK Ann.
DATE: 7 AUGUST 2017
OUTSTANDING COPPER AND COBALT GRADES FROM INITIAL FIELD ASSESSMENT AT WEE MACGREGOR
Highlights:
• Preliminary (Niton-XRF)* rock chip results indicate outstanding copper and cobalt grades at several locations both within the existing resource area and as satellites or extensions, including:
o 14.2% Cu and 0.12% Co at Rosebud; o 45.38% Cu and 1.88% Co within resource; o 7.45% Cu and 0.94% Co at Wee MacGregor south
• Confirmation of high grade copper and cobalt mineralisation within the Wee MacGregor system.
Cohiba Minerals Limited (ASX: CHK) (“Cohiba” or “Company”) is pleased to announce that recent field assessment at the Wee Macgregor Project in the premier base metals province of Mount Isa, QLD has delivered outstanding results as set out in table 1. Preliminary XRF values indicate numerous high-grade targets with peak grades of up to 45.38% copper and 1.88% cobalt. Samples have been submitted for assay which we expect will return gold values as well.
Historically, cobalt and gold have never been assayed at the Wee MacGregor project. We now have confirmation of anecdotal evidence for high grade cobalt mineralisation in association with copper in the area.
The following series of images depict the high-grade nature of mineralisation
